If BRICS is on track to be a major global bloc, then so is the QUAD and I2U2.
In action, it's as detoothed as APEC because of mutual blunting by China and India.
> Lula increasingly China friendly
What tangible policy can you show for this? Not rhetoric - actual legislation.
Rhetoric doesn't matter in hyperfederalized democracies like Brazil and India.
> GDP adjusted PPP
I've brought this up a number of times before, but GDP PPP in isolation is a bad metric, along with other GDP metrics.
Fundamentally, the assumption that goods can be substituted might work for commodities, but in reality alll consumers do differentiate between products and value.
Furthermore, PPP calculations are fundamentally flawed and a LOT of behinds the scenes politicking happens as countries try to change WB and IMF's PPP metrics to show their countries in a better light [0]
[0] - https://www.economist.com/finance-and-economics/2024/06/06/w...